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. >> and in his press conference, president obama quoted speaker john boehner from 2011. >> that would be a financial disaster, not only for our country but for the worldwide economy. i don't think it is a question that is even on the table. >> and the last question of his press conference, the president was asked if he may be more successful with some of the nuts you just heard from if he spent more quality time with them. >> you and your staff are too insular, that you don't socialize enough. >> this, of course, is one of the great myths of governing, that intractable problems, political problems, can somehow be solved over a card game and a couple of drinks. that has never, ever been the case nor will it ever be the case. >> i like speaker boehner personally. and you know, when we went out and played golf we had a great time. but that didn't get a deal done in 2011. >> the president actually had to remind the media that congressional behavior is the result of democracy. >> now if the american people feel strongly about these issues and they push hard and they reward, or don't reward
boehner has not been to one yet. mitch mcconnell we want to one. is that a fair assessment that the president is not making the social connections he needs when it seems that the right is turning him down. >> no question. i think some democrats have probably told me in the president's first term that he was somewhat antisocial. look, this is a good thing and a bad thing. he very much is a family person, he enjoys being around his nuclear family, and that's admirable. however, you are the president. part of your job is to reach phone across the aisles to develop close relationships, but also with members of your own party. i think even members of his own party would say this president has a bit of coolness about him, a bit of distance action and i think that hurt him when it came to certain policy initiatives, and quite frankly a lot of people on the right said i don't think necessarily think what the president is thinking. i'm not sure exactly sure what position i should say. that was pretty much a common known factor, if you will here in washington, d.c., and hopefully tha
for it. house speaker john boehner also ignored his obligation to pay the nation's bills and also complained about spending. the american people do not support raising the debt ceiling without reducing government spending at the same time. they speak so confident, don't they? it's almost as if they forgot all about the spending cuts the president already gave them over a year ago. well, let's try to help them figure it out a little bit with a little visual and audio assistance. >> over the past two years i've signed into law about $1.4 trillion in spending cuts. two weeks ago, i signed into law more than $600 billion into new revenue, by making sure the wealthiest americans begin to pay their fair share. when you add the money that will save in interest payments on the debt, all together that adds up to a total of about $2.5 trillion in deficit reduction over the past two years. not counting the $400 billion already saved from winding down the wars in iraq and afghanistan. so we've made progress. >> didn't president clinton say it was all about arithmetic? republicans can posture
quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's obligations and make sure the government does not shut down. he tried to take that specter off the table. but this is a very tough fight that's getting more and more problematic, larry, because the president said he's going to break the habit of crisis-driven fiscal negotiations. if he's going to succeed in that, somebody is going to have to break and it may have to be soon because treasury secretary geithner said this afternoon we could hit the debt ceiling and exhaust all the extraordinary measures he's been taking as soon as one month from now. >> you know, john, 2010, 2011, the 2012 he negotiated. he voted against the debt ceiling i believe in 2006. why all of a sudden does he not want have to have negotiations? >> i think will's happened, larry, is that the president spent 2011 and 2012 with republicans squeezing him on his priorities, having opposed him during the first two years of his presi
mitch mcconnell attend and house speaker john boehner declined each and every time. it's interesting, he's not against attending state dinners. >> can't smoke and don't serve merlot. >> there's president bush, attending a state dinner during the bush presidency. >> he had no problem going when he liked who was in the white house, just had a problem going when it was president barack obama, it appears. >> can we show this graphic. mitch mcconnell went. let's show it. it was a good one. the germans went. they love their sauerkraut. >> they were invited to a screening of "lincoln," apparently at the very last minute -- >> nobody's perfect. >> i would think when the president invites you to see a movie at the white house, you might want to go. maybe if you were disagreeable in nature, not fun and quite frankly not interested in getting anywhere on spending, maybe you would decline. look at the president. why don't i play that sound bite again, no matter what you think of his ideologically, joe, wouldn't you want to have a beer with that guy or a beer with mitch mcconnell. >> you keep interru
majority and the speaker, john boehner. shame on congress. if they want to make new rules about disasters from the detective on state. neil: more than 20 billion of the original monetary aid is doing nothing that it was proposed to do. the sad truth is that the squeaky wheel gets the greece. calling an emergency every other week is like calling wolf. we think the point is about as free cash? >> well, they can get money. how much better to get the federal taxpayer pick up the cost and have your own constituency this money. it is free money and they needed to hand out the cash on and something that every governor wants to do. declare a disaster or something to get free cash. >> is the classic example of pork barrel. you know, there is a solution to this problem and that would be for people to pay in advance. governments could have an emergency fund instead of spending all their money every year. they could be prepared partly for their emergencies. the federal government could play this because they could set up a fund for disasters and they could set up which would be used to handle disaste
debate is the perfect time for it. and speaker of the house john boehner said the consequences of failing to increase the debt ceiling are real but so too are the consequences of allowing our spending problem to go unresolved. the spending and debt issues took most of the president's attention today, but he also turned to the issue of gun violence. after the shootings at an elementary school in newtown connecticut, he appointed vice president biden to come up with recommendations for action. the vice president met with lawmakers today and with groups on both sides of the issue last week. plans to submit proposals by tomorrow. president obama would not discuss specifics today. instead he said this. >> i'm confident that there are some steps that we can take that don't require legislation and that are within my authority as president. and where you get a step that has the opportunity to reduce the possibility of gun violence, then i want to go ahead and take it. >> brown: he conceded that a fight in congress is likely but he hopes that some compromise is is possible. >> the issue here is no
john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were swimming dangerously close to the show. can you believe it? look at that. you could wade in and be bitten, eaten. last year there were a total of 11 shark attacks in hawaii. >> that's what i call dangerously close. >> oh, my goodness. >> so some people in the southeast waking up to the dual danger of flooding and ice. alexandra steele in the weather center. good morning. >> good morning, guys. each snow potentially for you around new york city. >> trifecta. >> there you go. we'll see it all. here's why, zoraida. what we've got is the stalled front and along the front we've got everything from rain, sleet, even freezing rain that will become a
$42 billion to a positive $851 million in under four years. john boehner, can you hear me now? he cut back on medicaid welfare program medical californias voted to approve an extra $6 billion in tax revenue. politicians and voters working together. a balanced approach of spending cuts and tax increases to cut down a dangerous deficit. why can't anyone in dc come to the table with a simple obvious proposal? >> obama: if we combine a balanced package of savings from spending on healthcare and revenues from closing loopholes we can solve the deficit issue. >> john: joining me now is wahini varra, california politics reporter for the wall street journal. thank you for your time tonight. >> thank you. >> does that mean that he's doing things right? >> he had decent approving ratings after a while. but after this effort to pass taxes, his approval ratings went up. he's more popular now than he has ever been in california, a little bit surprisingly. >> when you consider all the negative stereotypes that we heard groaning up. when i was growing up he was governor moon beam, and how unbalanced
increasing the debt limit as a senator. speaker of the house john boehner's office said debt is endangering's children future. theconsequences are real he said. >> the debate had a numbing effect on wall street today. the dow is up 18 to 13,507. the nasdaq is down 8 at 3,117. the s&p is down 1 at 1,470. >>> all of that in washington is being watched closely in sacramento because failure to address the debt ceiling could take the budget surplus and wipe it out. ktvu's ken pritchett is in the capital. >> reporter: exactly on where california's budget stands today it became clear there was a lot of agreement we are on the mend, the budget turned a corner and all of that is at risk if the federal government drops the ball. >> reporter: california finally has a surplus. in november he said he had a deficit of $2 billion. he stands by that number but says -- >> it is roughly in balance. >> the difference in numbers is small and that the government's plan shows discipline. >> he should be commended for the plan. >> paying down debt and strengthsenning education are the right -- strengthening educ
be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two choices here: they can act responsibly, and pay america's bills, or they can act irresponsibly, and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, our aaa credit rating was downgraded for the first time in our history, our businesses created the fewest jobs of any month in nearly the past three years, and, ironically, the whole fiasco actually added to the deficit. so it shouldn't be surprising, given all this talk, that the american people think washington is hurting, rather than helping, the country at the moment. they see their representa
ceiling brsh according to speaker boehner, the ends justify the means. in a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. it was a response to this stern warning from the president on monday. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leveraged to be used. >> if the tenor of the president's last press conference of his first term is any indication about what he expects in his second term, prepare for a bond-style showdown as the government barrels towards its borrowing limit. that said, there might exist a solution that would allow congress to do what it does best, which is to say nothing at all, and still save the economy. this do nothing approach was floated by senate minority leader mitch mcconnell in 2011, and president obama gave it a hat tip yesterday. >> they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it.
notified house speaker boehner he and other treasury secretaries have done in other impasses, nothing profound about it, just an attempt to keep the pressure on the congress, remind them that the clock is ticking. we're getting closer to the debt limit as the president said yesterday. we could hit it in as little as one month, maria. >> john, thank you so much. we'll be watching that story certainly as will the markets. is the market too complacent right now with all of the stories out there as far as the u.s. debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it there. as
are they able to bring the economy down. will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to play you something the president said on monday. you referenced it yourself. take a listen. >> they will not collect or ransom an exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. >> jared, i put it to you, do they not realize this fight isn't just hurting the economy. it's also helping this president look like the only grown-up in washington. >> i don't think they're calculus on this stuff is as rational as your question suggests, of course. but, again, if you actually get out of this beltway, and i try to do it as much as possible, and talk to people, the question i consistently get is why doesn't washington really care about the problems that we fac
of america not paying bills is irresponsible. >> john boehner said the american people do not report raising the debt sealing without lowering spending at the same time. >> the u.s. consulate in benghazi a week from tomorrow, she will be before the house foreign affairs committee. at some point she will appear before the senate foreign affairs committee. that day is yet to be determined. they are set to testify and sidelined by illness. ann romney's dance card is full apparently. tmz said she was approached to compete on the next season of dancing with the stars and say she was very interested, but the one-time first lady hopeful ultimately declared. she did appear as a greft they tweeted overnight he would have loved to have seen it. >> that would have been fun. the transformations that people do on the show -- >> i'm struck by how much work they go through. >> maybe you should do it. >> maybe not. >> you have your afternoons free. you would be done by 10:00 in the morning. >> lance armstrong apparently admits to doping and gives a tearful apology to the staff of live strong. we will look a
america through another economic crisis. >> house speaker phil boehner indicated the gop is prepared for a fight and the consequences to fail to increase the debt ceiling are failing as well as allowing the spending problem to go unresolved. the concern is that if congress fails to act on the debt ceiling, the national economy could dip and that could likely have and i affect on california's budget numbers. >> the risk to our forecast numbers could come next month and that's what the federal government chooses to do or not to do regarding the debt ceiling. >> the budget released by governor jerry brown showed a budget surplus for the first time in many years. >>> right now it is 4:44 let's check in with sal on an early morning report on traffic. >>> good morning everybody, it is chilly, let's take a look at traffic on 880 westbound as you head to the mcarthur maze. if you are driving there, it is cold but visibility is good if you could think of the silverling. for most of the area, the bay bridge toll plaza looks good. if you are driving in downtown san jose it looks nice. 4:45 let'
for the congressmen and senator. i have called several times to people like cantor and boehner and asking how much does it cost just to turn on the lights there and you guys to sit in the chair and say nothing. >> stephanie: right. there you go. if you want to cut the useless fat, cut their salaries, but not jan schakowsky. >> yeah, he is awesome. [♪ "world news tonight" theme ♪] >> stephanie: jim, glen beck is planning to construct a self sustaining libertarian camp in texas to the tune of $2 billion. >> it's like two time share companies sitting across the hall from each other -- isn't there one in idaho? >> stephanie: they have an amphitheater. >> how will they agree on anything? >> anarchy. >> i want what i want right now, and you -- >> stephanie: no traffic lights nothing. just go! go! whatever you want. >> no water. no roads. >> stephanie: no. he is planning to construct a self sustaining libertarian community. he dubs it independence park. it will be styled after gulf's gulch. >> oh, god. >> stephanie: independence park -- would you like the fun facts? [♪ fun-facts musi
with the bush-era tax rates for 99% of americans. that makes no sense. >> but again-- >> and boehner is saying now he's literally i got 99% of what i want. do you have confidence he's not going to get anything in the next round? >> i have confidence in the president by separating this out got what he wanted. separating this whole debt ceiling out was his strategy--i don't think you'll hear john boehner say he got 99% of what he wanted. >> cenk: the ending of the negotiations. but whether they're going to negotiate or not i think the president will say i'm not going to negotiate over the debt ceiling, but the sequester is happening at the same time and i'm negotiating over the sequester. >> that might be part of the negotiation. the president was careful today in this press conference as you just showed to say we're talking about in. this is about doing the debt ceiling about paying the debt. it has nothing to do with the sequester. he didn't talk about them together. he talked about them separately. in fact, that's where the negotiating will happen. he said to congress we'll have to figure out
of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really might happen? neither side is ready to blink yet. he has laid out they are ready to compromise if possible that could lead to a government shut down although probably not right away. president obama suggested right before the u.s. the people at home might be told they have to wait for their money. >> if congressional republicans refuse to pay america's bills on time social security checks and veteran's benefits will be delayed. we may not be able to pay our military air traffic controllers specialist who track down lose nuclear materials wouldn't get their paychecks. >> that's not default but credit agencies would likely downgrade america's rating that would raise the cost of borrowing money. ben bernanke says it's very, very important congress avoid this. >> republicans know it is not the first thing that would come from not paying all of
speaker of the house boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. president said he will negotiate spending cuts but not with the economy hanging in the balance. >> full faith credit of the united states of america is not a bargaining chip. >>reporter: president challenge is a lot of people we talked to today had no real grasp of what it meant to raise the debt ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they really want to stand their ground on this issue at the risk of economic down tivrnlt i think a lot has to do yes tea party you want to make a case is this the time to do it a
is happening in washington, d.c.? >> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the point that we are on an unsustainable path. >> reporter: portman acknowledges the need to raise the debt ceiling, but he supports the context of getting a handle on the spenning. >> shepard: this is disaster relief for victims of super storm sand gee right. we have had plenty of lawmakers saying we need to get a handle on government spending, but not when people are waiting for major disaster relief money. a key new jersey democrat is saying people from new york, new jersey and connecticut pay their fair share. three state, 16% of the taxes. you ask the question: who suffered be
today and are going to move forward. speak boehner kept his word. we're going to have that vote today. we have a -- i know one thing, i couldn't work any harder. i put hard and soul into this. and i feel confident we will have a passage of this touch needed relief. >> thank you, congressman grimm. we'll be right back. yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for
he talked about. he wants the leaders to lead the party. you think about speaker boehner, when he publicly says i can't corral, i can't stop the birthers from talking the way they talk, that's just their opinion. and you hear people like john sununu, who i thought was a heavyweight republican for years, using terms -- why doesn't the president learn how to be an american? it's not just the one line, it's lots of lines. >> you're absolutely right because the leadership of the republican party as most people see it is the leadership in congress. it's john boehner and mitch mcconnell -- >> and priebus. >> and reince priebus, and if those people aren't realizing the demographic realities, aren't realizing that the party has to be a big tent party if it's ever going to win national elections again, then where goeth the gop? >> let me tell you -- you're laughing -- the weird thing is you're turning off black votes if people vote, but you're also turning out the electorate, alex. the giddy part of this is, as you once said a long time ago, frank rizzo in philly, who wasn't too popular am
think part of the reason speaker boehner and others, we got ourselves into trouble we listened too much to harry reid and the president. we should do what we believe in, what we were elected to do and pass it over to the united states senate. the senate needs to do its job and they haven't. >> greta: it's interesting, secretary geithner sent a letter to speaker boehner about the debt and it's interesting, it says congress should act as early as possible to extend the following authority. the reason i thought it was interesting, no place in the letter does he say the president has the authority to raise it unilaterally. there's no sort of-- maybe there was no reason to include it in, but i thought that it was interesting it was silent. >> and the democrats have this crazy idea we print this multi-trillion dollar coin and that would supposedly make everything go away. the reality is, we have to stop spending money we don't have and you've got to attack entitlement reform and attack discretionary spending. >> greta: clock is ticking down. congressman always nice to see you. >> thanks. >> g
boehner's doing and manages this, and there's a line there when someone said we may have to let them do a partial government shutdown just to let them get this out of their system before they go on to approve what needs to be done and i think, you know, the challenge of leadership is to tell the people who you are leading that what they want is not realistic or that it doesn't make sense. i think boehner's modus operandi is to do some sort of last-minute deal. i think that's part of the psychology here. that you let these people, you know, they don't want to approve a debt ceiling, didn't come here to approve it and before they'll do it, they have to do something that lets them get that energy out of their system. >> and unfortunately, that might be the best strategy that he actually has, but you know, overall in terms of the president's and democrats' approach, i think the president did a wonderful job and the democrats got a good deal in the fiscal cliff deal and the president's negotiating strategy of not negotiating on the debt ceiling has really put republicans in the corner where
't do it. >> if john boehner and mitch mcconnell think they can come up with a plan that somehow meets their criteria they set, they are free on go ahead and try. >> republicans still believe the president will blink and they will be able to meg officiate on the debt ceiling. you about want to find a way out of getting boxed in on the debt ceiling themselves, believing a fight over funding the government is a much better political fight for their party. here's congresswoman marsha blackburn yesterday. >> i think there is a way to avoid default. if it requires shutting down certain portions of the government, let's look at that. >> yesterday the president sounded almost resign to the idea a government shutdown is probably coming up. >> if the republicans in congress made a decision they want to shouldn't down the government in order to get their way, then they have the -- votes at least in the house of representatives probably to do that. i think that would be a mistake. and it would be profoundly damaging to our economy. >> once again, what the white house was trying to signal on debt
a lot of us has to deal with well, yes but this vit way to do it? that i think is boehner's responsibility tochl plain that to his members. my understanding is that is what is what he's planning to do. >> today, the tea party express issued a statement saying it's irresponsibility for the president to democratta going this issue. big opportunities to talk about this issue in the next couple weeks. he's got a speech, and followed by state of the union. >> thank you. >> the president met with vice president joe biden turning in his report on gun violence early. he didn't reveal recommendations but a new poll shows overwhelming support for new gun control measures including background checks at gun shows and for ammunition purchases a gun data bay, a ban on magazines and assault weapons and putting armed guards in schools. >> marin county is willing to pay for more than just guns, too. you can get $100 for other types of firearms. >> priority will be guns. dropoff locations include police stations in san rafael, and point reyes station. you don't have to be from marin county.
not support raising the debt ceiling without lowering government spenteding. boehner says the consequences of failing to raise the debt ceiling are real but so, too, are allowing the spend be problems to go unresolved. president obama told reporters he is willing to work with republicans to reign in spending but he wants to have those talks separate from raising the debt ceiling. >> while i am willing to p compromise and find common ground over the deficit we cannot afford a debate about whether or not they should pay the bills they have already racked up. congressional republicans refuse to pay america's bills on time social security checks and veteran's benefits will be delayed. >> we are not going to do it without putting in place a spending reform. these cuts promise to transpire but never do are not going to do the job any more. >> senate republican leader mitch mcconnell wanted to say the president needs to get serious about it. you can see the battle lines clearly drawn in washington. >> also pointing out in 2006 president obama then senator voted against raising the ceiling. >> the
pay the bills they've already wracked up. >> house speaker john boehner has made it clear that he is eager to avoid a first-ever default on u.s. obligations, even if some republicans are not afraid of that idea. >>> secretary of state clinton will testify next wednesday before lawmakers about the deadly assault on the u.s. consulate in benghazi, libya. clinton had been scheduled to testify last month but she suffered a concussion when she fell during an illness. she was later hospitalized with a blood clot in her head. >>> breaking news overnight. a authorities in philadelphia are offering $10,000 for information leading to the safe return of a 5-year-old girl. nalya robertson was last seen yesterday morning. that's when surveillance cameras saw her leaving her school with a woman wearing muslim-style clothing. an amber alert was sounded when it was discovered she was missing. >>> and the hero of the newtown, connecticut, school shooting attack was being honored. victoria soto died when trying to shield her students from that gunman. now, her hometown is going to name a school in
. >> now in a statement, house speaker phil boehner indicated the republican party is prepared for a fight and the consequences of increasing the debt ceiling are real but so too is the consequences of allowing our spending problem to go unresolved. >>> they are closely watching this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place in just a few hours, good morning. >> reporter: good morning pam, we did see several news vehicles and as the morning goes on the area is expected to fill up and that's because at 10:00 a.m. facebook is anticipating a news conference to unveil something. we don't know what that something is just yet but they say come see wha
position unreasonable here. >> pelley: speaker john boehner said the republican-controlled house will pass what he called "responsible legislation." but he said the american people do not support raising the debt ceiling without cutting government spending. we have learned tonight that former cycling champion lance armstrong is in discussions to return a part of the millions of dollars that his team received from the u.s. postal service. and he has indicated a willingness to testify against others involved in illegal doping. armstrong's u.s. postal sponsorship prohibited doping. last year armstrong was stripped of his titles after an investigation found systemic drug use on the team. the associated press is reported tonight that in an interview today with oprah winfrey, armstrong admitted that he used performance-enhancing drugs. recently we spoke to travis tygart the head of the. is anti-doping agency in his only interview for the showtime program "60 minutes" sports it was tygart who made the case against armstrong. some of the words that you used in outlining your case wereck "drug poss
face in the coming months. house speaker john boehner said if laws do not tackle the debt and spending at the same time, it will cost americans jobs. in a statement, senate minority leader mitch mcconnell said "the president and his allies need to get serious about spending." danielle nottingham, cbs news, the white house. >>> military suicides have reached record levels. so bad that the secretary of defense calls it an epidemic. the pentagon says there were 349 suicides among active duty personnel last year. that's more than the number of combat deaths in afghanistan. experts say iraq and afghanistan war veterans suffering from depression and post traumatic stress are at the highest risk. >>> secretary of state hillary clinton will testify next week about the deadly attack on the u.s. mission in libya. clinton will appear before the house foreign affairs committee. she had been scheduled to testify last month. that was canceled when she fell and suffered a concussion. four americans died in the september 11 attack including ambassador chris stevens. >>
area have been waiting for this money. speaker boehner has said it will make it the priority in the next congress. what is the likelihood that it's going to pass? >> reporter: it's very likely that the full $51 billion left on the table will pass by the end of the day, pass the house and go to the president's desk. they have passed 17 of it and the rest will likely come later. there is a but. this is not happening without a pretty significant protest vote that happened a short while ago. a republican amendment that would have offset the spending, $17 billion of the spending with across the board spending cuts. these are pretty steep cuts. if you talk about 17 billion, that's almost the entire agriculture department alone in a year. it really is significant in telling, in the feeling among republicans and it really does illustrate why we are going to have the big fights over the next couple of months to raise the debt ceiling and two-thirds of the republican caucuses voted for this. they want to send a message that they really, really needed it, that they want to cut spending
congressional committee on inaugural ceremonies. the clerk: mr. boehner of ohio, mr. cantor of virginia, ms. pelosi of california. the speaker pro tempore: pursuant to clause 12-a of rule 1, the house stands in recess su true -- 1.2 trillion in automatic spending cuts that have been pushed off until next month. the fact is, we cannot finish the job of that is the reduction through spending cuts alone. the cuts we have already made to priorities other than medicare, medicaid, so security and defense mean that we spend on everything from education to public safety less as a share of the economy that has been true for a generation. that is not a recipe for growth. we have to do more to stabilize the finances over the medium and long-term, and also spur more growth in the short term. i have said i am hoping to making modest adjustments to programs like medicare to protect them for future generations. i also said we need more revenue for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing
's much harder for the president to oppose them. >> speaker boehner said yesterday that the american people do not support raising the debt ceiling without reducing government spending at the same time. so do you disagree with speaker boehner? >> i think that if you get involved in a fight over the debt ceiling, and talking about defaulting which is what the consequences if the president's truly stubborn the congress is truly stubborn you get a default. at that point the pressure in the congress becomes a dead loser. all these different groups come together and say you have to pass this. i don't think we should pick fights where we are in a position where we can't, in fact in the end force our will. we have no evidence that barack obama will compromise. nothing he's done in the last couple months would imply that he's going to compromise. >> therefore do you agree that the president is right no in the negotiating? >> no, i think the president's wrong but it's a fact. i think this president is deliberately seeking confrontation, i think he's going out of his
: are they to gather on it? speaker boehner, we cut a deal, but he does not have the votes to do it. are there more together than we think? >> they tend to bring the caucus around a central focus. obviously, the debt ceiling is important. you will see some real coalition around the boehner real. you know, hopefully that is something that is sealable and relevant to the white house. it used to be pay-as-you-go. connell: times have changed. dylan glenn, thanks a lot. dagen: is lawmakers screw up or interest rates going up? peter hayes oversees more than $100 billion in assets. good of you to be here. they mess up on raising the debt ceiling, do you think interest rates will shoot up or what can we expect in terms of that market? >> expect volatility. the bottom line is you will see volatility. the longer we go and connell talked about some of the issues in washington, how you get there, missing payments and so forth. it will get messy. they seem to react only when their backs are against the wall. the longer they go, the higher probability the u.s. misses its triple rating. oddly enough, prices rose
they squeak it through in the house say boehner makes it happen. which i don't think he's going to by the way. then the republican party fractures it becomes weaker. the strategy the president is employing is i am not going to compromise on the debt ceiling. i don't know what he will do on gun control but don't compromise on the debt ceiling. do it by executive order and then say it is your fault. either way he gets the republicans. if they pass they get weakened if they oppose they demonize. >> it is a smart political strategy. >> it could be but it worked so far but not 100 percent. remember republicans got control of the house of representatives during his term after his first two years when he was very aggressive about his initiatives and they kind of stopped him in his tracks. he can't do very much over there. if you resist him i am not sure that's true on guns, bill. gun control has been a dangerous issue for democrats. may be a womell bring if hemay unpopular if something isn't done. i don't think he's going to propose very much on gun control. on immigration they have a sense that the
increasing the debt limit as a senator. john boehner said that the debt is endangers children's future, that the consequences of failing to increase the debt seal ceiling are real, but so also are the results of allowing our spending problem go unresolved. president obama said he is open to discussing deficit reductions, but only after congress first pay this bills that the country already owes. >> the federal government takes a larger chunk of paychecks. that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midweek wednesday and lasting into the weekend, i
out president obama voted against increasing the debt limit as a senator. john boehner said that the debt is endangers children's future, that the consequences of failing to increase the debt seal ceiling are real, but so also are the results of allowing our spending problem go unresolved. president obama said he is open to discussing deficit reductions, but only after congress first pay this bills that the country already owes. >> the federal government takes a larger chunk of paychecks. that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midw
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